Business – Page 231 – THE OVAL CIRCLE

Russian mining giant Nornickel shares hit record high on soaring palladium prices

Posted on January 20, 2020January 20, 2020By Editor

Shares of Russian metals company Nornickel (Norilsk Nickel) surged 2.25 percent on Monday during trading on the Moscow Exchange, hitting an all-time high. … Read More >Russian mining giant Nornickel shares hit record high on soaring palladium prices

Richest 1% owns more than TWICE as much wealth as 6.9 billion people – Oxfam

Posted on January 20, 2020January 20, 2020By Editor

A super-rich one percent of the world’s population has accumulated twice as much wealth as the remaining 90 percent, global charity Oxfam said in a newly-released report. … Read More >Richest 1% owns more than TWICE as much wealth as 6.9 billion people – Oxfam

Indian jewelers say dropping import duties on Russian diamonds will boost bilateral trade

Posted on January 20, 2020January 20, 2020By Editor

New Delhi is considering signing a bilateral agreement with Russia to reduce import duties on processed diamonds and jewelry, the chairman of the country’s Gem & Jewelry Export Promotion Council (GJEPC), Sanjay Shah, said. … Read More >Indian jewelers say dropping import duties on Russian diamonds will boost bilateral trade

Russian tech giant Yandex wants to expand car-sharing service across Europe

Posted on January 19, 2020By Editor

Russia’s Yandex, which runs a popular car-sharing service in the country, is planning to expand across Europe this year, the tech company has revealed. … Read More >Russian tech giant Yandex wants to expand car-sharing service across Europe

Ruble strong, stocks surge after Russian government reshuffle

Posted on January 17, 2020January 17, 2020By Editor

The appointment of a new prime minister has boosted the Russian stock market to new record highs on Friday, with the national currency holding on to gains reached over the past 18 months. … Read More >Ruble strong, stocks surge after Russian government reshuffle

Russia’s forex reserves reach pre-crisis levels, topping $555 billion

Posted on January 16, 2020June 15, 2020By Editor

Russian gold and foreign currency reserves have hit $557.5 billion in the first 10 days of the new year, according to the latest figures released by the country’s central bank. … Read More >Russia’s forex reserves reach pre-crisis levels, topping $555 billion

US & China sign ‘phase one’ trade deal to ease global economic tensions

Posted on January 16, 2020January 16, 2020By Editor

The first part of a broader trade agreement between the world’s top economic superpowers was finally inked on Wednesday with the US suspending new tariffs in exchange for Chinese purchases of $200 billion in American goods. … Read More >US & China sign ‘phase one’ trade deal to ease global economic tensions

China’s booming new Silk Road trade hits $1.34 TRILLION

Posted on January 16, 2020January 16, 2020By Editor

China’s trade with countries participating in its ambitious Belt and Road Initiative (BRI) has been expanding and totaled 9.27 trillion yuan ($1.34 trillion) in 2019, customs data shows. … Read More >China’s booming new Silk Road trade hits $1.34 TRILLION

US govt wants to invest $1 billion to end China’s dominance in 5G

Posted on January 16, 2020January 16, 2020By Editor

A group of US lawmakers have introduced a bill to subsidize companies developing 5G technology to counter China’s Huawei. It comes as Washington mounts pressure on its allies to turn away from Chinese technology. … Read More >US govt wants to invest $1 billion to end China’s dominance in 5G

ussia will further turn away from dollar as US pursues ‘aggressive’ sanctions policy – Lavrov

Posted on January 16, 2020January 16, 2020By Editor

While Washington is “abusing” the status of the dollar as the world reserve currency, Moscow will continue to reduce its dependence on the greenback in favor of national currencies, the Russian foreign minister says. … Read More >ussia will further turn away from dollar as US pursues ‘aggressive’ sanctions policy – Lavrov